ATM Market By Analysis and Forecast Key Player: Diebold, NCR Corporation, GRGBanking, Euronet Worldwide, Nautilus Hyosung America, Oki Electric
ATM Market anticipated to grow at a rapid rate to 2024
(EMAILWIRE.COM, August 09, 2018 ) Market Overview: -
ATM Market is estimated to surpass USD 25 billion and the install base to exceed 4 million units by 2024. One of the major drivers impacting the industry growth is convenience offered by these machines. Transactional benefits, easy cash flow, and quick withdrawals are some of the factors that attract customers to these machines.
Upgradation of simple cash dispensers to multifunctional machines is expected to propel ATM Market growth. The ability of these upgraded machines to perform functions such as fund transfer, bill payment, and mini-statements, in addition to dispensing cash provides a one-point solution to the customers, thus adding up to the popularity. Furthermore, the proliferation of drive-thru machines is expected to accelerate the ATM market growth. Drive-thru machines are ideal for people who have difficulty in leaving car to visit cash machines, due to either difficulty in finding parking space or gave babies in their cars.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/409
Top Key Players: -
Key players in the ATM market include Diebold, NCR Corporation, GRG Banking, Euronet, Nautilus Hyosung, Tidel Engineering, Oki Electric, AU Optronics Corp., Mitsubishi Electric Corporation, KYOCERA Corporation, Tianma Micro-electronics Co, Hitachi-Omron Terminals Solutions, Triton Systems, HessCash Systems, Intertech Bilgi, and Fujitsu.
Market share calculation in this report is not done based on companies covered in it. The calculation of ATM market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
China ATM market is expected to grow at a significant rate, owing to increasing pressure of government on banks to roll out ATMs to increase access to financial services. The government intends to make cash machines available all over the country instead of establishing bank branches and increasing operational costs.
Foreign brands are restricted to operate independently in the market, due to emphasizes of government on the importance of security and stringent regulations pertaining to independent control of information technology. These global companies have established joint ventures with local brands. For instance, OKI with DCITS and Diebold with Inspur Software have established joint ventures to enter in the China ATM market.
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 ATM industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Solution trends
Browse Full Report @ https://bit.ly/2Lod1E8
Technology is disrupting the trends with improvisation of basic cash dispensing machines to multi-functional machines. PCI compliance and other regulatory requirements, in addition to EMV upgrades, and new software & hardware functionalities are beginning to enter the industry. Growing trend of consolidation of ATM management through a single vendor to make it easier to implement new programs and processes is driving the ATM market growth. Many providers also offer regulatory compliance guarantees, releasing the financial institution of the cost and inconvenience associated with constantly changing regulations.
Increasing threats to the security of the systems, due to increasing sophistication of the cyber-attacks is expected to pose a major threat to the ATM market. The companies are forced to upgrade the machine software to be equipped to tackle security breaches. In 2012, the operators in the industry were compelled to upgrade to Windows 7 from Windows XP before April 2014. Microsoft has now announced that the operators need to migrate from Windows 7 to Windows 10 by January 2020 to improve system performance and enhance security.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
ATM Market is estimated to surpass USD 25 billion and the install base to exceed 4 million units by 2024. One of the major drivers impacting the industry growth is convenience offered by these machines. Transactional benefits, easy cash flow, and quick withdrawals are some of the factors that attract customers to these machines.
Upgradation of simple cash dispensers to multifunctional machines is expected to propel ATM Market growth. The ability of these upgraded machines to perform functions such as fund transfer, bill payment, and mini-statements, in addition to dispensing cash provides a one-point solution to the customers, thus adding up to the popularity. Furthermore, the proliferation of drive-thru machines is expected to accelerate the ATM market growth. Drive-thru machines are ideal for people who have difficulty in leaving car to visit cash machines, due to either difficulty in finding parking space or gave babies in their cars.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/409
Top Key Players: -
Key players in the ATM market include Diebold, NCR Corporation, GRG Banking, Euronet, Nautilus Hyosung, Tidel Engineering, Oki Electric, AU Optronics Corp., Mitsubishi Electric Corporation, KYOCERA Corporation, Tianma Micro-electronics Co, Hitachi-Omron Terminals Solutions, Triton Systems, HessCash Systems, Intertech Bilgi, and Fujitsu.
Market share calculation in this report is not done based on companies covered in it. The calculation of ATM market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
China ATM market is expected to grow at a significant rate, owing to increasing pressure of government on banks to roll out ATMs to increase access to financial services. The government intends to make cash machines available all over the country instead of establishing bank branches and increasing operational costs.
Foreign brands are restricted to operate independently in the market, due to emphasizes of government on the importance of security and stringent regulations pertaining to independent control of information technology. These global companies have established joint ventures with local brands. For instance, OKI with DCITS and Diebold with Inspur Software have established joint ventures to enter in the China ATM market.
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 ATM industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Solution trends
Browse Full Report @ https://bit.ly/2Lod1E8
Technology is disrupting the trends with improvisation of basic cash dispensing machines to multi-functional machines. PCI compliance and other regulatory requirements, in addition to EMV upgrades, and new software & hardware functionalities are beginning to enter the industry. Growing trend of consolidation of ATM management through a single vendor to make it easier to implement new programs and processes is driving the ATM market growth. Many providers also offer regulatory compliance guarantees, releasing the financial institution of the cost and inconvenience associated with constantly changing regulations.
Increasing threats to the security of the systems, due to increasing sophistication of the cyber-attacks is expected to pose a major threat to the ATM market. The companies are forced to upgrade the machine software to be equipped to tackle security breaches. In 2012, the operators in the industry were compelled to upgrade to Windows 7 from Windows XP before April 2014. Microsoft has now announced that the operators need to migrate from Windows 7 to Windows 10 by January 2020 to improve system performance and enhance security.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results